Flat Rock Homes Inc

Charity Navigator Rating: 56%, One-Star out of Four Star rating.

Flat Rock Homes Inc has received a score of 56%, which indicates a need for improvement in its overall operations and accountability. The organization has demonstrated strengths in governance, with a fully independent board and robust policies in place for conflict of interest and whistleblowing. Additionally, it maintains thorough financial documentation and has no reported material diversion of assets, reflecting a level of transparency in its fiscal practices.

However, significant areas of concern are evident in its financial metrics. The charity reports a program expense ratio of 0%, which implies that none of its expenditures are allocated towards its core mission programs. This raises questions about its effectiveness in fulfilling its charitable purpose. Additionally, the liabilities to assets ratio is notably high at 4.55%, suggesting potential financial instability. These limitations highlight the organization's challenges and the need for strategic improvements to better serve its mission and beneficiaries.

This AI summary has been generated from information found on Charity Navigator.

Flat Rock Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flat Rock Homes Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $39,839
Professional Fundraising Fees: $0
Other Salaries and Wages: $302,422

For more financial information, click here

Official website here: www.flatrockhomes.org